Apple made a product that aligns with its long term strategies but delivers very poorly the most fundamental and essential functionality. The AppleWatch has short battery life, its screen is not always on, is not waterproof, its interface is not intuitive... And what we get in return? You can send your heartbeat through bluetooth and has lots of cool straps.
It reminds me the feature-bloated products that Microsoft used to make. They'd do everything but fail at the essential.
One thing Jobs was famous for was trimming the superfluous in order to get the essential well done. It is clear that the AppleWatch could get a lot from Jobs.